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College Education for Free ? How Innovation and Technology are Changing by George Mentz – Colorado Springs Expert

As a pioneer in e-learning education who has taught over 250 courses online in the last 20 years, I realize the actual costs of education have come down dramatically in the last 30 years.

However, that hasn’t prevented the expansion of student debt to about $1.5 to $2 trillion.

Most politicians these days are saying that free online college education should be available to everyone.

With over 44 million Americans holding student debt, the average working family’s disposable income is now more than ever subject to the whims of the Federal Reserve’s interest rates.

In case the politicians don’t know, free education already exists. You may go to various colleges, online colleges, Coursera, Udemy and other sites such as University of the People and obtain education for free or it is heavily discounted.

Udemy boasts over 100,000 online courses of which many are free. Coursera actually offers top ranked college courses and diplomas online. Many of these educational companies and clearinghouses offer online courses to the masses. They are called MOOCs or Massive Online Open Courses. Some top professors have over 250,000 students in one class.

About 20 years ago, futurists were predicting the collapse of traditional liberal arts colleges because you can go online and enroll in a class, at little cost, that is taught by one of the top ranked professors in the world.

To make a long story short, college tuition and college courses are free right now and most people don’t even know it. Anyone who wants to go to college can use a computer and the internet at home or at the library to take classes.

As for college loans, the typical funds borrowed for education is for tuition and expenses. However, the bulk of the expenses aren’t just tuition.

Here are the top 14 typical costs of education:

  1. Forgoing income by not working
  2. Time or years invested into education
  3. Commuting to school
  4. Books (Digital Books are getting cheaper by day)
  5. Housing
  6. Food
  7. Expenses
  8. Fees
  9. State, City and Federal Taxes on Gas, Internet, Phone etc.
  10. Insurance on cars or other.
  11. Health Care
  12. Parking
  13. Matriculation fees
  14. Costs to take care of children, disabled, or elderly while you are away at a school

In many states, college tuition has been free for decades for those who maintain a solid grade point average in school. Pat Taylor was one of the richest Americans living in Louisiana and developed and promoted the “Taylor Plan,” adopted in Louisiana in 1998, which provides academically qualified students with state-paid tuition for college. In 1997, Republican Governor Murphy J. Foster, Jr. signed Act 1375, a plan which opened the TOPS tuition scholarships to all with a 2.5 grade point average and at least a score of 19 on the ACT.

Family income was removed as a consideration for eligibility. Those with higher grades received $400 to $800 in extra funding to help meet the costs of other college expenses. In Louisiana in 1998, TOPS paid the tuition for over 24,000 students in the amount of $54 million. During the 2014-15 academic year, the program assisted 50,000+ students annually at a cost of about $270 million. LSU Louisiana State University was ranked as a Forbes top 200 university in recent years.

US News has a list of tuition free colleges online. Many of these colleges require some contribution or to have a job on campus or pay exam fees; nevertheless, tuition may be considered free.

Examples of Tuition Free Colleges

  1. Alice Lloyd College
  2. Williamson E. Macaulay Honors College
  3. University of the People
  4. Webb Institute
  5. Williamson Free School of Mechanical Trades
  6. Barclay College
  7. College of the Ozarks
  8. University of the People
  9. Haskell Indian Nations University
  10. Berea College (KY)

Overall, the bulk of the costs of college are opportunity costs and costs of living; however, that is minimized if you take courses online and hold a job at the same time.

In the end, nothing of value is free, but a quality college education is priceless especially if you are devoted to learning how to do something of value that can be used in the real world.

Overall, most colleges and universities could probably survive without charging tuition while only billing students for exams, housing, food, services, parking and so forth as that may be enough profit already without even charging tuition.

The dirty secret is that many top-brand colleges are wonderfully overpriced at around $70,000 per year. As a note, the two areas of key inflation over the last 25 years have been health care and education. This is probably because the government subsidizes these industries,

In this political environment, the banks seem to have been demanding a normalization of interest rates and got their request from the Federal Reserve. The banks will now be truly profitable again for the first time in 10 years.

However, now that the student loan system is controlled by the federal government, President Trump may have the power to lower interest rates for the working families who hold this debt that was created over the last 30 years. As rates have gone up 9 times since 2015, student loan delinquency or default rates are now: 11.4% (90+ days delinquent)

We are at a key point in innovation and technology. With e-learning, prices may continue coming down for education, and e-learning continues to roll out new courses, new curriculums, and more skills related programs. However, many traditional colleges are maintaining outdated curriculums as their highest paid professors teach the existing courses and do not have experience nor know how to teach the new courses in areas of finance, marketing, or technology.

Some parents are sending their kids on GAP years to learn tangible skills in experiential areas of life. Some of these GAP programs include a year of travel or a year at sea. In contrast, many parents are still spending close to $300,000 to have their child graduate from a top tier university to prepare for business, medicine, finance, accounting, or law. Sadly, some parents are paying $70,000 a year for their child to complete a degree focused in niche areas of history or politics where these students are literally unprepared for almost any job.

As for sustainability of higher education, some bricks and mortar schools may not be sustainable if they do not remain competitive, well ranked, and convey great value.

Ranking conveys value and one top school actually was sued and lost millions for a ranking scandal.

Only time will tell as the education markets are changing dramatically, but if you are determined to send your kids to great schools for socialization and education, start saving early and contribute to 529 plans, pre-paid plans, or other government recognized plans dedicated to education.

Moreover, gifts direct to universities are still tax free. Also, your children can always apply for aid and subsidized loans. Happy hunting and never forget that there are free programs which are accredited and there are countless free courses online for you to take which can lead to diplomas, degrees and even masters degrees from accredited institutions.

George Mentz JD MBA CWM Chartered Wealth Manager ® is a licensed attorney and CEO of GAFM ® global education, which is an ISO 29990 Certified professional development company operating in over 50 nations. Mentz is an award winning author and advisory board member to several companies around the world in education, charities, and crypto currency.

Read Newsmax: College Education for Free ? – 2020 Campaign and Online Education Facts and Economics | Newsmax.com

Wealth Management Book – George Mentz JD MBA CWM

Wealth Management Intelligent Investor Notes & Summary: Millionaire Mindset Guide to Financial Planning & Investing Principles –  By George Mentz, JD MBA CWM

Link: http://a.co/8agk1BU 

This premier wealth management guide will help you learn the secrets to become rich retire and prepare for your future for your children and your estate. This is a key handbook for Business School and Law School Students and Licensed Professionals. This book is used for Chartered Wealth Manager Courses for registered financial planners and licensed and certified financial analyst professionals. The intelligent investing and millionaire habits contained herein are the tools and techniques needed for a wealthy family and individual to know what to do.

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15 New Short Inspirational Audio Books from G. Mentz Esq.

  • Product Details

    It Works: The Greatest Success Book to Think and Grow Rich with the Power of Your Subconscious Mind

    Apr 4, 2017 | Unabridged

    by George Mentz and Gene Blake

    Audible Audio Edition

    Available for immediate download

    Kindle Edition

    Read this and over 1 million books withKindle Unlimited.
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    Summary and Analysis of Thomas Troward and the Secrets of Manifesting in the Dore Lectures & Edinburgh Lectures

    Feb 22, 2017 | Unabridged

    by George Mentz and Matyas J.

    Audible Audio Edition

    Whispersync for Voice-ready

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    The VIP Synopsis: Charles Haanel’s Master Key System in 24 Parts – Plus the Secret Extra Chapter Summaries of Parts 25-28

    Jul 15, 2016 | Unabridged

    by George Mentz and Clay Lomakayu

    Audible Audio Edition

    Whispersync for Voice-ready

    Kindle Edition

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    Think and Grow Rich – 11 Page Pocket Summary of the Concepts and Philosophy of Dr. Napoleon Hill with Charles Haanel Master Key System Bonus Section

    Dec 7, 2015 | Unabridged

    by George Mentz and Clay Lomakayu

    Audible Audio Edition

    Available for immediate download

    Kindle Edition

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    Summary and Analysis: The Power of Now Decoded: Practicing Mindfulness Synopsis of Being Contemplative in Action

    Nov 11, 2016 | Unabridged

    by George Mentz and Saethon Williams

    Audible Audio Edition

    Whispersync for Voice-ready

    Kindle Edition

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    Summary and Analysis of the Power of the Subconscious Mind by Joseph Murphy: A Summary of the Secret Prosperity Teachings of Joseph Murphy and Compendium of Meditations and Quotes

    Aug 2, 2016 | Unabridged

    by George Mentz and Michael Hatak

    Audible Audio Edition

    Available for immediate download

    Kindle Edition

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    Summary and Analysis: The Secret of Success and Advanced Laws of Attraction and Wealth of William Walker Atkinson: William Walker Atkinson’s Key Ideas

    Jan 27, 2017 | Unabridged

    by George Mentz and Joseph Nuckols

    Audible Audio Edition

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    Summary and Analysis, Sun Tzu and the Art of War, Condensed Abridged Synopsis: The Success Secrets and Philosophy of Sun Tzu and the Art of War

    May 2, 2016 | Unabridged

    by George Mentz and Clay Lomakayu

    Audible Audio Edition

    Available for immediate download

    Kindle Edition

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    Summary and Analysis – The Science of Getting Rich: The Prosperity Manifesto of Wallace Wattles

    Jun 20, 2016 | Unabridged

    by George Mentz and Clay Lomakayu

    Audible Audio Edition

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    Kindle Edition

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    Summary and Analysis – Pythagoras – Condensed Abridged Synopsis: The Success Secrets and Philosophy of Pythagoras

    May 9, 2016 | Unabridged

    by George Mentz and Clay Lomakayu

    Audible Audio Edition

    Available for immediate download

    Kindle Edition

    Read this and over 1 million books withKindle Unlimited.
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    Summary and Analysis – As a Man Thinketh by James Allen

    Jul 6, 2016 | Unabridged

    by George Mentz and Clay Lomakayu

    Audible Audio Edition

    Available for immediate download

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    Summary and Analysis of The Meditations of Marcus Aurelius: The 33 Success Principles of Ancient Rome and Caesar Marcus Aurelius

    May 6, 2016 | Unabridged

    by George Mentz and Clay Lomakayu

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    Available for immediate download

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    Summary and Analysis – Thoughts Are Things by Prentice Mulford: 13 Chapter Summaries Analyzed from the 1908 Book

    Jul 21, 2016 | Unabridged

    by George Mentz and Sam Slydell

    Audible Audio Edition

    Available for immediate download

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    Summary and Analysis – Creative Mind and Success – Dr. Ernest Holmes: Synopsis of Prosperity Secrets of Ernest Holmes and his Religious Science – Circa 1919

    Jul 25, 2016 | Unabridged

    by George Mentz and Michael Hatak

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10 Great Success Books That Can Change Your Life

If you’ve ever read a great business or success-related book, there are usually a few priceless nuggets in each manuscript which make it worth your time. Here are 10 of my favorite self-empowerment books, and a key idea from each manuscript  that made it worth reading. Any of these authors and their books can seriously boost your mindset and consciousness of success, power and happiness.

1) Think and Grow Rich by Napoleon Hill

Define your purpose. While this sounds arbitrary, it has several important meanings such as: What do you want to do and how do you want to be? Moreover, discover who you are and why you want to improve. Hill, N. (1960). Think and Grow Rich. New York: Fawcett Crest.

2) How to Win Friends and Influence People by Dale Carnegie

Remembering names and enthusiasm matter. Read this book or take the courses from the Carnegie programs. Either way, you will win. The number one lesson I learned from Carnegie is that other people’s names are music to their ears. Learn names of clients, customers or those in positions of influence. Be enthusiastic with people and miracles will happen. Carnegie, D. (1994). How to Win Friends and Influence People. New York: Pocket Books.

3) The 7 Habits of Highly Effective People by Dr. Stephen Covey

Sharpen the saw or stay sharp. This advice to me is extremely important because we must all be students of life, be open to learn and continue to grow. Covey, S. R. (1989). The 7 Habits of Highly Effective People. London: Simon & Schuster.

4) Psycho-Cybernetics by Maxwell Maltz, MD

Change your beliefs on the inside for greater self confidence. Because he was a plastic surgeon, his thoughts on developing confidence within are much more influential. This is because he helped many people change their looks, yet they still remained dissatisfied until they expanded their world view and developed self regard. Maltz, Maxwell, MD (1960). Psycho-Cybernetics. New York: Pocket Books.

5) The Art of Happiness by The Dalai Lama

Peace and joy can be learned and experienced. His book hits home because this master Buddhist professes that peace and happiness can be cultivated by anyone who wants it. His Holiness the Dalai Lama & Howard C. Cutler (1999). The Art of Happiness: A Handbook for Living. London: Hodder & Stroughton.

6) The Seven Spiritual Laws of Success by Deepak Chopra, MD

Follow your natural expression. The magic of Dr. Chopra is that he is a master of helping people improve their lives and thinking. Dr. Chopra helps us move toward our purpose, right livelihood and authentic selves. Chopra, D. (1996). The Seven Spiritual Laws of Success. London: Bantam Press.

7) The Power of Your Subconscious Mind by Dr. Joseph Murphy

Optimize your thinking for success. This is a classic work because Dr. Murphy is a professional at showing people that they can alter their consciousness and beliefs toward a greater good and prosperity. He is a connoisseur of the use of affirmations as a path to mental transformation for greater relationships, success and career improvement. Murphy, J. (1963). The Power of Your Subconscious Mind. New Jersey: Prentice Hall.

8) Maximum Achievement by Brian Tracy

Specify goals and know what you want. Buy any book you can find by Mr. Tracy. He is a consummate professional and a world class writer on the issues of entrepreneurship and management consulting. He famously states that less than 3 percent of people set goals. Tracy, B. (1993). Maximum Achievement: Strategies and Skills That Will Unlock Your Hidden Powers to Succeed. New York: Fireside.

9) The Science of Getting Rich by Wallace Wattles

Gratitude is the key to abundance. If you have not read this 100-year-old book, do it. It is quite an amazing piece of prosperity writing from the turn of the century, and it is concise. Wattles’ opus is still a bestseller as he is the genius who has distilled the ideas of success and excellence into a short revolutionary treatise. Wattles, W.D. (1976). Financial Success Through the Power of Thought [The Science of Getting Rich]. Rochester, Vermont: Destiny Books. (Written originally around 1910). Or How to Promote Yourself by Wattles. Lulu Press, ISBN-10: 0615223494.

10) As You Think by Mark Allen

Your experience is shaped according to the totality of your thought. Mr. Allen has a couple of super books, a world recognized publishing house and some of the biggest selling clients. Buy any of Mr. Allen’s books to discover timeless secrets of success. Allen, J. (1998). As You Think. Ed. with introduction by M. Allen. Novato, CA: New World Library.

Sometimes it takes a book or seminar like the ones listed above to jolt our consciousness to make your next move in life. Sometimes economies are bad and other times they seem great. Refuse to participate in doom and gloom, and follow your dreams to the best of your ability. Be your best, find your purpose and show the world your excellence and passion.

George Mentz, JD, MBA, CILS, CWM is a best selling success author and award winning speaker/professor who is a wealth management commentator and professor who has authored several books. Mentz can be contacted at www.gmentz.com


 

Dear Friends, Two of the greatest success books for all time are: Think and Grow Rich and the Science of Getting Rich.

I wrote and produced 2 new Audio Summaries of these 2 great books to help people improve their lives, happiness, and success.

The Science of Getting Rich Summary: The Prosperity Manifesto of Wallace Wattles by George Mentz

The Science of Getting Rich Summary: The Prosperity Manifesto of Wallace Wattles
by George Mentz
Link: http://amzn.com/B018YIGCWE
 
Think and Grow Rich - 11 Page Pocket Summary of the Concepts and Philosophy of Dr. Napoleon Hill with Charles Haanel Master Key System Bonus Section by George Mentz

Think and Grow Rich – 11 Page Pocket Summary of the Concepts and Philosophy of Dr. Napoleon Hill with Charles Haanel Master Key System Bonus Section
by George Mentz
Link: http://amzn.com/B018YIX12S
 
Many thanks and regards, G Mentz, Esq.

__._,_.___

10 Trends to Watch in 2015

Here are 10 trends to watch out for in 2015:

1. Technology has made finding oil and gas much more accurate and cost-effective everywhere. Large or luxury auto sales will continue regardless of MPG ratings. Energy independence is a real option in the US and the Americas.

2. People are tired of commuting and will work from home given the option. Thus, less oil and gas is needed due to telecommuting. Lifestyle is becoming more important to working families. Being able to work from home and raise a family could become a civil rights issue.

3. Citizens will take necessary steps to avoid modernized taxes or inner-city taxation. People will buy and build right outside of states such as: New York, California, or outside of cities such as Chicago, Boston, LA or San Fran. States like Texas, Tennessee, Florida and other Federal tax free jurisdiction will gain momentum while acquiring the bulk of the baby boomer retirees who want to stretch their incomes.

4. People will live where there are high quality schools or parents may: a) home school their kids, b) send their children to private schools, c) use tutors, or d) use online study.

5. Cheaper oil may reduce the GDP of countries and super-states such as Nigeria, Kuwait, Saudi Arabia, Russia, and other active regions such as Texas and Alaska. Cheap gas has spurred some consumer spending, but cheaper gas may reduce tax revenue for governments, states and cities.

6. The demographics of fast growing regions such as India, China and Indonesia/Malaysia should continue to drive up energy and commodity costs for the next 40 years. More college grads in the US may leave and work offshore than ever before.

7. Colleges and Universities may crumble in size or fail unless value is provided. There is an ever expanding number of free options: college courses, MOOCS (Massive Courses), open courses, free online diplomas, free or almost free degree options and more. 2015 may be the easiest year in 40 years to get into a graduate school for law or business.

8. The dollar and stock market are temporarily strong and more people will travel internationally as a result of this. Low interest rates and cheap energy are contributing to short-term economic power, building, buying and hiring.

9. Conventional security and conventional policing is changing toward technology quickly. Look for more cameras, more drones, more robots, more tracking, more surveillance, and more uses of stun or paralyzing technology.

10. Branchless Banking may shift to Cyber Cashless Exchanges that are linked, such as: Amazon (a- coin), Alibaba (b-coin) Ebay (e-coin), Google (g-coin) and PayPal (p-coin), and other related companies. It’s also possible big players like Visa, Amex, Discover, and Schwab will do deals with companies like Amazon and Apple to provide branchless banking worldwide.

Investments To Watch

Online Education: DeVry Education Group Inc DV 0.26%, Apollo Education Group Inc APOL 0.77%

Surveillance: Microsoft Corporation MSFT 0.43%, Google Inc GOOG 0.01%

Finance: Charles Schwab Corp SCHW 0.73%

Agriculture: PowerShares DB Agriculture Fund DBA 0.17%

Consumer: eBay Inc EBAY 0.24%, Apple Inc. AAPL 0.6%

Advertising and Media: Yahoo! Inc. YHOO 0.78%, Google

Defense: TASER International, Inc. TASR 1.62%

Dr. jur. George Mentz is a world recognized self-help and wealth management commentator who has several professional development education companies which have trained thousands of professionals in over 40 countries. Prof. Mentz, an international attorney, founder of the Global Academy of Finance and Management ® www.gafm.com , has been a keynote speaker globally in the USA, China, Asia, Arabia, USA, Mexico, Switzerland, and in the West Indies. Mentz has consulted with governments, world leaders and Fortune 500 companies. Mentz has published bestsellers in the following categories: Money and Monetary Policy, Management Science, Mysticism, Religion, Psychology, and in Spirituality. Dr. Mentz can be contacted for speaking engagements at www.gmentz.com or http://www.linkedin.com/in/georgementz *No tax investment or legal advice provided herein. Please consult with a licensed professional in your jurisdiction before making any important financial or legal decision. Mentz is a licensed counselor of law USA. gafm.org

Read more: http://www.benzinga.com/trading-ideas/long-ideas/15/01/5136829/opinion-here-are-10-trends-to-watch-out-for-in-2015#ixzz3tkf4VY9m